Gevo (NASDAQ:GEVO) Director Angelo Amorelli Sells 100,000 Shares

Key Points

• Gevo, Inc. Director Angelo Amorelli sold 100,000 shares at an average price of $2.50, resulting in a total transaction of $250,000 and a significant 97.14% decrease in ownership.
• The company's stock has been trading up, reaching $2.59 recently, with trading volume significantly above average at 18,556,283 shares.
• Analysts have varied opinions on Gevo, with ratings ranging from a "buy" to a "sell," and an average price target set at $8.13.

Gevo, Inc. (NASDAQ:GEVO - Get Free Report) Director Angelo Amorelli sold 100,000 shares of Gevo stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $2.50, for a total transaction of $250,000.00. Following the completion of the sale, the director owned 2,942 shares of the company's stock, valued at $7,355. This represents a 97.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gevo Trading Up 1.2%

Shares of NASDAQ:GEVO traded up $0.03 during trading on Wednesday, reaching $2.59. The company's stock had a trading volume of 18,556,283 shares, compared to its average volume of 5,208,144. Gevo, Inc. has a 12 month low of $0.92 and a 12 month high of $3.39. The stock has a market capitalization of $626.37 million, a PE ratio of -9.96 and a beta of 2.13. The firm's 50 day simple moving average is $1.84 and its two-hundred day simple moving average is $1.45. The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.29.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.07. Gevo had a negative net margin of 72.76% and a negative return on equity of 12.04%. The company had revenue of $43.41 million during the quarter, compared to analysts' expectations of $43.69 million. On average, research analysts predict that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Gevo from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of Gevo in a research note on Wednesday, October 8th. HC Wainwright restated a "buy" rating on shares of Gevo in a research note on Wednesday. Zacks Research upgraded Gevo from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, UBS Group boosted their target price on Gevo from $1.15 to $2.25 and gave the company a "neutral" rating in a research note on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Gevo currently has an average rating of "Hold" and an average price target of $8.13.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in shares of Gevo by 11.0% in the 2nd quarter. NewEdge Advisors LLC now owns 92,965 shares of the energy company's stock worth $123,000 after buying an additional 9,249 shares during the last quarter. BNP Paribas Financial Markets grew its position in Gevo by 138.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 20,927 shares of the energy company's stock worth $28,000 after acquiring an additional 12,136 shares during the last quarter. Centerpoint Advisory Group lifted its holdings in Gevo by 55.6% in the 1st quarter. Centerpoint Advisory Group now owns 56,000 shares of the energy company's stock worth $65,000 after buying an additional 20,000 shares during the period. International Assets Investment Management LLC purchased a new stake in Gevo in the 2nd quarter worth approximately $26,000. Finally, Legal & General Group Plc purchased a new position in shares of Gevo in the 2nd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 35.17% of the company's stock.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.

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